The Real Deal Miami

Biggest price cut of the day

March 11, 2010 03:38PM

241 Harbor Drive

The South Florida home to see the biggest price cut today is a six-bedroom, eight-bathroom house at 5301 N. Bay Road in Miami Beach, according to data from Condo Vultures Realty. The $11.9 million Miami-Dade County home saw a $2.2 million, or 16 percent, price cut. It was originally listed for $14.1 million when it hit the market in August 2009. The waterfront home has unobstructed views of Biscayne Bay and sits on a 12,680-sqaure-foot lot with a pool. Kent Karlock of Real Estate Portfolio has the listing.(Condo Vultures data includes condos and single-family home listings in the main metropolitan areas of Miami, Fort Lauderdale, West Palm Beach and Key West that are priced at $1 million and above, and that include photographs. Listings are taken from the South Florida MLS.) TRD